SEC Obtains Judgment Against Leader of Scheme to Spread and Trade on False Rumors
April 12, 2025
April 12, 2025
WASHINGTON, April 12 -- The Securities and Exchange Commission issued the following litigation release (No. 23-CV-0026-RWS; N.D. Ga. filed Feb. 16, 2023) involving Milan V. Patel:
* * *
On April 11, 2025, the U.S. District Court for the Northern District of Georgia entered a final judgment against Milan Vinod Patel of Cumming, Georgia for his role in a scheme that spread more than 100 false rumors about public companies and generated millions of dollars in illicit tradi . . .
* * *
On April 11, 2025, the U.S. District Court for the Northern District of Georgia entered a final judgment against Milan Vinod Patel of Cumming, Georgia for his role in a scheme that spread more than 100 false rumors about public companies and generated millions of dollars in illicit tradi . . .